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Apple Reports Blowout Profits Again on iPads, iPhones

Apple Reports Blowout Profits Again on iPads, iPhones

Kevork Djansezian/Getty Images(NEW YORK) — Apple announced strong second-quarter earnings Tuesday, beating Wall Street estimates and easing worries that the tech giant may be losing steam.Apple said that profit nearly doubled to $11.6 billion, or $12….

Stocks Slide on News from Europe, Low Earnings Reports

Stocks Slide on News from Europe, Low Earnings Reports

Scott Eells/Bloomberg via Getty Images(NEW YORK) — On Monday, stocks fell on worries about data from Europe showing that debt continues to pile up in countries that use the euro despite severe austerity programs. The Dow lost 102 points to close at 12…

Earnings Reports Help Dow and S&P Close with Gains

Earnings Reports Help Dow and S&P Close with Gains

Hemera/Thinkstock(NEW YORK) — A rough few days for the equities markets ended with a rally Friday — good enough for two of the three major indexes to post weekly gains. The Dow closed up 65 points, while the S&P picked up 1.5 points. The Nas…

Weekly Jobs Report Keeps Stocks Down

Weekly Jobs Report Keeps Stocks Down

Hemera/Thinkstock(NEW YORK) — Worries about the job market kept stocks in negative territory Thursday. The Dow Thursday closed down 69 points, the Nasdaq lost 24 and the S&P gave up 8 points. The number of Americans who filed for unemplo…

US Stocks Down After Glum Reports from Europe

US Stocks Down After Glum Reports from Europe

Hemera/Thinkstock(NEW YORK) — The U.S. economy is a global one, and for better or worse, it’s tied to Europe. A dismal report about bad loans on the books of Spanish banks pushed stocks down Wednesday. The Dow dropped 83 points, while the Nasdaq …

US Stocks Climb Above 13,000

US Stocks Climb Above 13,000

Hemera/Thinkstock(NEW YORK) — Some strong earnings reports and a debt auction in Spain helped push the markets up Tuesday. The Dow had its best session in a month, closing above the 13,000 mark and gaining 193 points for the session. The Nasdaq a…

Wild Market Swings Continue into Another Week

Wild Market Swings Continue into Another Week

Hemera/Thinkstock(NEW YORK) — Stocks ended the day mixed after buyers Monday waited to pounce on some stocks that were beaten down by last week’s slide.The Dow on Monday managed a gain of 72 points to close at 12,921. The Nasdaq closed with a 23-point…

Gains for US Stocks; Youth Financial Confidence Low

Gains for US Stocks; Youth Financial Confidence Low

Comstock/Thinkstock(NEW YORK) — Despite the release of a dull weekly jobs report,  the markets managed to yield some gains Thursday.While the Dow closed up 181 points, the Nasdaq added 39. The S&P closed Thursday trading with a 19-point gain….

Stocks Rebound, Ending Five-Day Slide

Stocks Rebound, Ending Five-Day Slide

Medioimages/Photodisc/Thinkstock(NEW YORK) — One day after one of the worst plunges in months, the slide in the markets is over — at least for now. On Wednesday, the Dow closed up 89 points, while the Nasdaq added 25 and 10 points, respectively….

Fifth Day of Losses for Stocks; Apple Breaks $600 Billion in Worth

Fifth Day of Losses for Stocks; Apple Breaks $600 Billion in Worth

Hemera Technologies/Thinkstock(NEW YORK) — The markets continued to slide for a fifth day Tuesday. Europe’s economic crisis, the disappointing jobs report and the diminished prospect of help from the Federal Reserve have been weighing on the mar…

Sharp Stock Losses After Long Holiday Weekend

Sharp Stock Losses After Long Holiday Weekend

Hemera/Thinkstock(NEW YORK) — Stocks lost ground Monday in reaction to the jobs report released on Good Friday when the markets were closed.   Investors had the long holiday weekend to brood over the disappointing jobs reports for March.&nb…

Facebook Chooses Nasdaq to List Its Shares

Facebook Chooses Nasdaq to List Its Shares

Peter Foley/Bloomberg via Getty Images(NEW YORK) — As it readies for its initial public offering, Facebook has reportedly chosen a stock exchange to list its shares.Citing people familiar with the matter, the Wall Street Journal says the social media …

Stocks Mixed at Week’s End

Stocks Mixed at Week’s End

Hemera/Thinkstock(NEW YORK) — Stocks traded in a mixed pattern to end the week Thursday. The markets will be closed April 6 for Good Friday. On Thursday, the Dow closed down 15 points, while the S&P lost a fraction of a point.  The Nasda…

JP Morgan CEO: ‘Confusing’ Rules Hurt Consumers

JP Morgan CEO: ‘Confusing’ Rules Hurt Consumers

Scott Eells/Bloomberg via Getty Images(NEW YORK) — In a letter to shareholders, banking giant JP Morgan said Thursday that a confusing tangle of overlapping regulations and oversight are increasing costs for consumers and strangling lending. The lates…

Setback for Stocks with More Worries for Europe

Setback for Stocks with More Worries for Europe

iStockphoto/Thinkstock(NEW YORK) — It was a rough session for the markets Wednesday.  Stocks saw their biggest setback in almost a month, with the Dow closing down 125 points, the Nasdaq giving up 46 points and the S&P losing 14 points. …

Obama Signs STOCK Act To Ban Insider Trading By Congress

Obama Signs STOCK Act To Ban Insider Trading By Congress

iStockphoto/Thinsktock(WASHINGTON) — Surrounded by a group of bipartisan lawmakers, President Obama on Wednesday signed the Stop Trading on Congressional Knowledge Act, banning insider trading on Capitol Hill.“The idea that everybody plays by th…

Small Losses for Stocks; Gas Average Stalls

Small Losses for Stocks; Gas Average Stalls

Hemera/Thinkstock(NEW YORK) — Stocks fell Tuesday on a dim report from the Federal Reserve.  The Dow fell 66 points, while the Nasdaq and the S&P both lost six points.Grim news in the minutes from the Central Bank’s March meeting shows that p…

Stocks Begin Second Quarter with Small Gains

Stocks Begin Second Quarter with Small Gains

Ben Hider/Getty Images(NEW YORK) — The stock markets began the second quarter Monday with a small bump.The Dow ticked up 10.5 points, while the Nasdaq and S&P jumped just 23 and 28 points, respectively. Monday’s decent session comes on the he…

Stocks End Best Q1 Since 1998

Stocks End Best Q1 Since 1998

Hemera/Thinkstock(NEW YORK) — Go ahead and open that 401(k) statement. The first quarter was the best for stocks since 1998, with the Standard & Poor’s 500 up 12 percent since the start of the year.That’s quite a start for stocks after…

Stocks Recover After Week of Losses

Stocks Recover After Week of Losses

Comstock/Thinkstock(NEW YORK) — A late-session rally Thursday pushed the Dow into positive territory. The Dow closed up 20 points. The Nasdaq dropped 10and the S&P gave up two. In a hopeful sign for job seekers, the Labor Department says…

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